Bitcoin Nears $75,000 as Glassnode Flags $78,100 Resistance Ahead of US Data

TLDR

• Bitcoin reached an intraday high of $75,218 on April 15.
• Glassnode identified $74,000 to $76,000 as the first major resistance zone.
• The report set $78,100 as Bitcoin’s True Market Mean and breakout level.
• Short-Term Holder Supply in Profit stood at 43.2%, below the 54.2% exhaustion level.
• Analyst Ted Pillows said BTC was facing resistance near $74,500 to $76,000.

Bitcoin price is moving toward $75,000 today as traders track a key resistance area and watch for fresh macro signals that could influence short-term price action. In an April 15 report, Glassnode said the current move still resembles a relief rally within a broader bear market structure. The report said a sustained break above $78,100 would likely require new demand strong enough to absorb supply from investors taking profit into the rebound.

Glassnode reported that Short-Term Holder Supply in Profit stands at 43.2%. That figure remains below the roughly 54.2% level where earlier bear market rallies have often run out of momentum. The report said this leaves some room for further upside before the market reaches a historically stretched zone. At the same time, the 30-day exponential moving average of the Realized Profit/Loss Ratio has climbed to 1.16, a sign that holders are selling into strength more than buying pullbacks.

Bitcoin touched an intraday high of $75,218, placing price directly inside the first major resistance band identified by Glassnode. The report placed that initial decision zone between $74,000 and $76,000, an area where short-liquidation clusters are concentrated and where prior rallies have repeatedly slowed. With Bitcoin already trading in that range, market attention has shifted to whether buyers can carry the asset through overhead supply.

Glassnode Maps Key Resistance and Support Levels

Glassnode identified $78,100 as the next major ceiling and described it as the True Market Mean, which reflects the average acquisition cost of actively transacted coins after excluding lost or dormant supply. Bitcoin remains below that level, leaving it in what the report called a bear market value zone.

A move above $78,100 followed by a hold would change the tone of the current rally, while another rejection would keep the larger structure intact.

On the downside, the report pointed to the $63,000 to $65,000 range as the densest liquidation cluster and the most directly supported on-chain demand zone. If Bitcoin fails to hold above the current resistance band, traders may begin to revisit the upper $60,000s as an intermediate reference area, while the lower support zone remains central in the Glassnode framework.

Analyst Flags Bitcoin Price Weakness Near $76,000

Market commentary from analyst Ted Pillows added to the focus on the current resistance area. In a post on X, Ted said Bitcoin was trading directly into its $74,500 to $76,000 resistance zone and noted that BTC had not reclaimed that range even as the S&P 500 reached a new all-time high.

He said that failure to regain the zone pointed to near-term weakness and increased the chance of another downside move.

That view aligned with the broader caution around the current setup, where price is rising into a historically difficult area while on-chain data shows holders using strength to reduce exposure. The market now faces a technical test in a zone where prior bear market rallies have struggled to continue.

Macro Data Keeps Pressure on the Breakout Case

The macro backdrop remains another factor in the current setup. The supplied March data showed CPI rising 3.3% year over year, with core CPI at 2.6%. Producer prices increased 0.5% month over month and 4.0% year over year, while payrolls rose by 178,000 and unemployment held at 4.3%. Glassnode said this backdrop supports the Federal Reserve’s cautious stance rather than a quick move toward easier policy.

The report also referred to the Fed’s March statement, which said uncertainty around the economic outlook remained elevated and that geopolitical developments in the Middle East continued to complicate business planning, hiring, and pricing decisions. Energy and input costs also remained elevated across districts.

The IMF’s April 2026 outlook added to that backdrop by projecting slower global growth and firmer inflation under a limited-conflict scenario. For now, Bitcoin remains pressed against the $74,000 to $76,000 range, with Glassnode watching $78,100 as the main breakout level

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